Archive / Business - 2020
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Most banks have offered relief to clients afflicted by COVID-19: OJKAlmost all banks and financing companies have offered loan restructuring programs to greatly help their clients in a harsh market environment as COVID-19 has disrupted...Japanese government asks business community to improve production of medical suppliesThe federal government again called on the business enterprise community to cooperate in increasing the production of medical supplies, such as for example masks and...Honda, Nissan furlough U.S. employees as auto demand plummetsHonda Motor Co. and Nissan Motor Co. on Tuesday said that they had furloughed thousands of workers at their U.S. operations as the coronavirus pandemic...Pandemic set to tip Japan into deep recession this yearJapan is likely to put on a deep recession this year with the economy set to contract for a third straight quarter in April-June, a...Galang COVID-19 hospital prepared to admit TKI, ease burden on regional hospitalsThe purpose-built Galang Island COVID-19 Specialty Hospital opened on Monday in Batam, Riau Islands province, but has yet to admit any patients, since it must...Indonesia's forex reserves drop $9.4b in March as BI steps up work to stabilize rupiahIndonesia’s forex (forex) reserves dropped US$9.4 billion in March to $121 billion as Lender Indonesia (BI) stepped up marketplace intervention to stabilize the rupiah exchange...COVID-19: Hurry for masks, wc paper slows Japan's household spending declineJapan's customer spending fell in February but at a slower-than-expected rate as being households scrambled for protective masks, wc paper and staple food amid the...Singapore central bank to change banks' capital requirementsSingapore's central bank might modify selected regulatory requirements and supervisory applications to permit financial institutions to give attention to tackling concerns stemming from the COVID-19...Telkomsel studies 16 percent jump in broadband traffic as persons follow physical distancing rulesTelecommunication organization PT Telekomunikasi Selular (Telkomsel) has reported a 16 percent upsurge in it has the broadband traffic due to the public continues to check...Tourism will take at least a year to recuperate from COVID-19 outbreak: EconomistsIndonesia's tourism sector, the industry hardest-hit by COVID-19, is projected to take quite a long time to recover, although the pandemic is expected to slow...Consumers attracted to hygiene products, online fitness as pandemic spreadsA consumer survey in Indonesia has shown that persons are buying more health insurance and hygiene products and trying online fitness classes as the coronavirus...Singapore adds S$5.1 billion to stimulus, boosts handoutsSingapore increased its cash payout to individuals and announced additional steps to save lots of jobs as the city-state prepares to severely curtail activities to...OPEC+ meeting delayed as Saudi Arabia and Russia row over oil price collapse: sourcesOPEC and Russia have postponed a Monday meeting to go over oil output cuts until April 9, OPEC sources said on Saturday, as a dispute...Students to be exempt from extra cellular phone chargesAmid an expected increase in classes on the web for students as a result of coronavirus outbreak, the three major mobile carriers - NTT Docomo...Saudi Arabia sharply rebukes Russia over oil price collapseSaudi Arabia sharply criticized Russia on Saturday over what it referred to as Moscow blaming the kingdom for the collapse in global energy prices, showing...Nissan produces face shields to contribute to U.S. medical personnelNissan Motor Co has started generating face shields in the United States for donation to the country's doctors and medical staff whose health reaches risk...Pertamina secures fuel and household gas supply as more people stay homePertamina has guaranteed that domestic supplies of fuel and liquefied petroleum gas (LPG) remain secure, even while the state-owned oil and gas company implements a...World Bank sees outbreak taking a big toll on Asia's economyThe World Bank is estimating that the coronavirus outbreak may cause economic growth to slow significantly this year in China and other East Asian-Pacific countries,...SoftBank ends WeWork tender; remains behind bailoutJapanese technology company SoftBank Group Corp called off its offering as high as $3 billion worth of shares in office-space rental venture WeWork, though it...Asia's factory activity plunges as coronavirus shock deepensFactory activity contracted sharply across almost all of Asia in March as the coronavirus pandemic paralyzed financial activity across the globe, with sharp falls in...Virus slump likely to rival big recessions ever soldThe coronavirus-related recessions all over the world will be bad - and for a number of the world's major industrial nations the worst that anyone...Oil rally runs out of gas, stocks simmerA jump in Chinese factory activity regardless of the virus-hit global economy helped keep equities markets bubbling higher, but oil prices didn't rebound convincingly from...Japan’s factory output growth slows in Feb. as virus fallout widensJapan’s factory output rose in February at a slower pace compared to the previous month, increasing growing signs that the rapidly spreading coronavirus pandemic is...China factory activity unexpectedly expands, but economy unable to get rid of virus shockFactory activity in China unexpectedly expanded in March from a collapse the month before, but analysts caution that a durable near-term recovery is definately not...World Bank warns China growth could screech to a haltThe coronavirus pandemic's monetary fallout might lead to China's growth to come quickly to a standstill while driving 11 million more people in East Asia...More Restrictions at Indonesian Airports to avoid Spread of Covid-19State-owned airport operators Angkasa Pura I and Angkasa Pura II say the coronavirus pandemic has already reduced their revenues by 20 percent as travel restrictions...Govt to introduce new legislation over meetings, as businesses uncertain about how precisely to adhere to COVID-19 rulesThe Government will introduce new legislation to supply clarity over how meetings are conducted, the Ministry of Law and Ministry of Finance said in a...SoftBank drops ten percent after OneWeb data for bankruptcySoftBank Group fell around 10 percent after a satellite operator it invested in filed for bankruptcy, ceding some gains from an unprecedented intend to sell...Gold sparkles found in COVID-19 shadowGold, prized by shareholders in circumstances of crisis as a safe and sound haven, is experiencing surging demand when confronted with the coronavirus outbreak --...Amazon workers to strike at NY site over virus concernsAbout 100 Amazon.com employees at a New York fulfillment center intend to go on hit at noon on Mon, alleging operations has been unresponsive to...APP Sinar Mas China Donates 40 A great deal of Medical Supplies to IndonesiaAsia Pulp & Paper Sinar Mas China and many Chinese companies operating found in Indonesia have donated medical supplies to the government on Friday to...Hyundai Receives Record 1st-Day Pre-Orders for New Avante SedanHyundai received an archive number of first-day pre-orders because of its new Avante on Wednesday.The fully revamped sedan sold 10,058 units on the first day...Korean Air Chief Fends off Coup Attempt from SisterThe National Pension Service has decided to vote with Hanjin Group chairman Cho Won-tae in a struggle with his disgraced sister for control of the...Ailing Doosan Heavy Wins Gov't BailoutDoosan Heavy Industries and Construction, which is suffering from an acute cash shortage, will be thrown a lifeline with W1 trillion in emergency funding from...Japanese airlines could see ¥1 tril earnings fall on virus pandemicThe global coronavirus pandemic could cause a 1 trillion yen ($9.3 billion) fall in combined revenue for the Japanese airline industry in the next 12...Toyota seeks ¥1 tril line of credit as virus hits funding marketToyota Motor Corp has asked two Japanese megabanks to create a line of credit totaling 1 trillion yen ($9.2 billion), company sources said Friday, a...IMF, World Bank demand suspending debt repayments by poorest nationsThe International Monetary Fund and Environment Bank on Wednesday called for governments to place a hold on debts payments from the world's poorest nations to...JCI rallies upon opening despite declines in other Asian marketsThe Jakarta Composite Index (JCI) was rallying up upon opening on Thursday, closing mid-day trade up 9.62 percent, despite other Asian indices recording declines throughout...Big Businesses Begin Laying off WorkersKorea's fat cats will be increasingly minded to lay off personnel as the coronavirus epidemic exacerbates the sluggish overall economy.Refiner S-Oil, the most sought-after employers...Price of 95-octane quality petrol down by 20 cents a litre amid oil value plungeAs global oil rates plunged amid a cost war between top suppliers Saudi Arabia and Russia, the cost of the most famous 95-octane quality petrol...Businesses Promised W100 Trillion Emergency FundingThe government decided on Tuesday to provide W100 trillion in emergency funding to businesses devastated by the coronavirus epidemic (US$1=W1,246).The government doubled the total amount...HSBC Bangladesh names first local CEOThe Hongkong and Shanghai Banking Company (HSBC) yesterday announced Md Mahbub ur Rahman as its next chief executive officer for its localized operations, becoming the...Samsung, LG Aghast at Olympics Postponement ProspectSamsung and LG are aghast following the Japanese government mooted the prospect of canceling or postponing this summer's Olympic Games in Tokyo. Both Korean giants must...S&P Expects Korea's Economy to ShrinkStandard and Poor's has forecast negative growth for Korea this season because of the coronavirus outbreak, an initial for just one of the three major...Dow drops more than 900 points, ending worst week since 2008Wall Street ended the week the same manner it began: completely retreat from the coronavirus.Stocks fell sharply and the price tag on oil sank Friday...Asian markets sink as pandemic deaths soarAsian markets were hammered on Monday despite massive financial stimulus efforts worldwide, with investors spooked by the relentless march of the coronavirus pandemic.The negative mood...Indonesian minister calls on stay-at-home citizens to stop illegally streaming moviesCommunications and Information Minister Johnny G. Plate has urged people staying at home according to government recommendation never to illegally stream movies online.In a virtual...5 ways designers should approach their selections in times of crisisWe are actually in the fourth month of a global fight against Covid-19, and what has officially been termed a pandemic of unprecedented level. What...Shin Dong-bin Consolidates Grip on Lotte EmpireLotte Group chairman Shin Dong-bin has been appointed chairman of Lotte Holdings Japan, making him the clear victor in an ugly family feud over control...Hyundai Unveils Fully Revamped Avante SedanHyundai on Wednesday unveiled its fully revamped Avante sedan. The launch event was livestreamed from a studio in LA, California as a result of coronavirus...Coronavirus Brings Private Consumption to Grinding HaltPrivate consumption in Korea has come to a grinding halt as many people stay indoors amid the coronavirus scare.Sales at department store and other retailers...Bangladesh, Vietnam overtake China on cotton trouser exports to USAThe cotton trouser import by USA dropped 11.65 % in volume conditions in January 2020. The united states imported 16.68 million dozen cotton trousers in...Textile Exchange releases latest Responsible Mohair StandardThe Textile Exchange has announced the release of a fresh Responsible Mohair Regular (RMS), which is based on and carefully aligned with the Responsible Wool...Korea Urged to Forge Currency-Swap Deals with U.S., JapanThe coronavirus epidemic has raised fears that Korea has neglected currency-swap agreements with other countries that could let it raise cash easier in a crisis.Korea...Won Weakens to 10-Year LowThe Korean won weakened to the cheapest level against the U.S. dollar in ten years as a result of coronavirus epidemic.The won closed straight down...Oil slumps to lowest since 2003 about global recession threatOil briefly traded below its lowest settlement selling price on almost 17 years as the coronavirus pandemic threatens to bring the global economy to a...China Jan-Feb industrial output shrinks 13.5%; investment plunges 24.5%China's industrial output contracted at the sharpest pace in 30 years in the first two months of the year as the fast spreading coronavirus and strict...US-China trade truce at risk as virus hits global economyA hard-won trade battle truce between the US and China reaches risk as the coronavirus pandemic rocks the global market, rendering it tough for Beijing...Nervous consumers around world pull back amid viral outbreakBuffeted by fears of the fast-spreading coronavirus, consumers in the usa and overseas are showing increasing signs of reducing on spending in what amounts to...American Airlines cutting international flights by 75per cent amid demand collapseDelta Air Lines plans to cut back more flights following the USA expanded travel restrictions to Britain and Ireland, it said, and Southwest Airlines was...Lottery Sales Grow as Economic Woes DeepenLottery sales surpassed W4 trillion last year to reach a record high (US$1=W1,219).The Ministry of Economy and Finance on Thursday said lottery sales reached W4.32...Coronavirus Fears Sap Stock Investor SentimentThe World Health Organization's declaration of a coronavirus pandemic has sent the U.S. currency markets into freefall while bourses around the world followed suit.Amid the...Hyundai Presents Sneak Peek at Fully-Revamped Avante SedanHyundai on Wednesday unveiled teaser images of its totally revamped Avante compact sedan.The Avante, which comes as the Elantra in THE UNITED STATES, has been...Exports Fall Again After Quick ReboundKorea's daily exports fell 2.5 percent on-year in the first 10 times of this month amid the coronavirus outbreak.If the trend continues, exports will shrink...Introducing Fibersort, a post-consumer textile sorting machine seeking to tidy up the industryA cutting edge machine seeking to revolutionise textile to textile recycling by automatically sorting large volumes of post-client garments is now ready to go in...Coronavirus Blights Expectations of JobseekersYoung jobseekers will see their chances of landing a job narrowed even further as one in four conglomerates plans to cut back on new hires...Singapore's 2020 progress forecast lowered to 0.6%: MAS surveyThe Singapore economy is likely to grow 0.6 % this year, relating to economists and analysts polled in a survey by the Monetary Authority of...Stocks rebound from big losses on expect U.S. economic aidStocks on Tuesday recouped almost all of their historic losses from the prior day as expectations rose, faded and bloomed again on Wall structure Street...As COVID-19 problems bloom, performing arts world fears major hitCOVID-19 angst has the world washing its hands with newfound vigour - however the performing arts world wringing them, as directives to scrap mass events...Property market unaffected by coronavirus, but share prices plungeIndonesia’s property marketplace has been basically unaffected by the brand new coronavirus outbreak as the country’s property sales are less reliant on foreign buyers, research...Oil claws backside some losses after crashing on supply-demand shockOil clawed back again some losses following its biggest drop in 3 decades as investors grappled with simultaneous source and demand shocks and the most...Uniqlo and GU to charge for shopping bags found in a fresh, eco-friendly initiativePressure is mounting for companies to do this against climate transformation, and Japan has always been at the forefront of the efforts. From growing an...Most Small Businesses' Earnings ShrinkNinety percent of smaller businesses have observed their revenue shrink therefore of coronavirus outbreak, a good poll suggests.In the Gallup Korea poll of just one...Nearly All Flights to Japan SuspendedKorean Weather has suspended most flights to Japan except the Incheon-Narita route together with all flights to Australia.Korea's major flag carrier on March 6 announced...Travel Agents Face Mass BankruptciesThe travel industry is veering ever closer to mass bankruptcy as the coronavirus scare keeps Koreans in the home. The most up-to-date blow comes after...Coronavirus uncertainties deal major blow to Japan's vehicle industryThe fallout from the coronavirus, which has caused some Japanese automakers to partially close plants, will probably prolong both disruption of parts procurement in China...Toilet paper is ‘like gold’: Coronavirus fears create queues out the entranceway at grocery shopsThe wc paper crisis gripping Australia has already reached new amounts, with one man waiting in a queue for nearly two hours to buy toilet...China exports plunge on coronavirus epidemicChina's exports plummeted in the first 8 weeks of the year on the back of a coronavirus epidemic that pressured businesses to suspend functions, disrupting...Indonesia’s car product sales to bounce back in March, manufacturers contendIndonesia’s automotive manufacturers have expressed optimism that national car sales will soon bottom out and express a rebound as soon as March despite a further...Hyundai Gives Glimpse of Face-Lifted Genesis High end SedanHyundai's premium manufacturer Genesis unveiled images of its new G80 sedan on Thursday.Completely revamped for the very first time in seven years, the third-generation G80...Coronavirus: China’s exports and imports plummeted found in January and FebruaryChina’s exports and imports both plunged above the first two months of the entire year, as the coronavirus tore through the world’s second-largest economy.Exports fell...Coronavirus Spurs WEB BUSINESS, IsolationThe coronavirus epidemic is changing consumption patterns here with the emphasis on minimizing human contact and offering an alarming glimpse into a future of increasing...SoftBank CEO hosts pre-IPO summit in New YorkSoftBank Group Corp. Chief Executive Masayoshi Son held his first “pre-IPO summit” for the conglomerate’s portfolio companies on Tuesday, introducing them to Wall Street investors...Virus-led school closures hit food suppliersGovernment-requested nationwide school closures to fight the brand new coronavirus are triggering heavy harm to suppliers of ingredients for school lunches in the nation.Sudden cancellations...Amazon employee tests confident for the coronavirus in americaAn Amazon employee in america has been confirmed as getting the coronavirus, prompting the business to warn other employees about the illness.The company sent out...Wine, cars: Businesses go online as virus hits industry eventsFine wines and hipster gin. Hunting rifles and knives. Contemporary paintings and million-dollar activities autos. They're all marketed at trade incidents that are quickly heading...Top makes accused of using forced Chinese laborChina is transferring thousands of Uighur detainees out of internment camps and into factories that supply a number of the world's leading brands, an Australian...Chinatown restaurants located in liquidationThree more Chinese restaurant shave gone into liquidation in Sydney after flatlining sales as a result of coronavirus outbreak has forced other iconic venus to...Jeju Air to Dominate Rival Despite Aviation CrisisJeju Air, Korea's No. 1 low-cost carrier, on Monday signed a deal to obtain fifth-ranked Eastar Jet at a bargain price amid the current crisis...Jack Welch, the GE chief who became a superstar, has diedJack Welch, who transformed General Electric Co. right into a highly successful multinational conglomerate and parlayed his legendary business acumen right into a retirement career...Markets tumble but prove 'resilient' amid virus fears: BISMarkets worldwide have observed dramatic drops in the last week amid coronavirus fears, but thanks to reforms following global financial meltdown, they are proving "resilient",...US officials talk down coronavirus market panic, tout financial strengthSenior officials in President Donald Trump's administration on Sunday (Mar 1) tried to calm market panic that the coronavirus might lead to a global recession,...Comedian Joe Lycett legally changes his name to ‘Hugo Boss’ in protest against fashion houseA British comedian has taken the drastic step of legally changing his name in protest against global fashion empire Hugo Boss.Joe Lycett - a performer...World’s richest lose $444 billion after hellish week for marketsLast week was an expensive one for some investors, even for billionaires.The combined fortunes of the world’s 500 richest people fell by US$444 billion as...Philippines eyes Indonesia-made combat vehiclesThe Philippine National Defense Department has expressed interest in buying combat vehicles from Indonesia’s state-owned weapons manufacturer PT Pindad."If our person is interested, we are...Abe says gov't ready to protect economy from coronavirus impactJapanese Prime Minister Shinzo Abe pledged on Friday to take policy steps as had a need to avoid the coronavirus outbreak from dealing a severe...BOK Keeps Interest Rates UnchangedTHE LENDER of Korea slashed its financial growth forecast for Korea to 2.1 percent this season, down 0.2 percentage point from its projection of 2.3...Samsung's Latest Flagship Smartphones Hit ShelvesSamsung's latest Galaxy S20 series is now available for service this week through three major mobile carriers -- SK Telecom, KT and LG Uplus.The new...Coronavirus hammers China's February economic activity: DataChina's manufacturing activity fell to its lowest level on record in February as official data on Saturday (Feb 29) confirmed the massive damage the deadly...Delta cutting flights to South Korea; JetBlue waives US change feesDelta Air Lines said on Wednesday (Feb 27) it could temporarily cut flights to and from South Korea in two, citing global health issues linked...Seoul Apartment Prices Keep Soaring out of ReachThe median apartment price in Seoul has soared to W950 million despite fresh government curbs on real-estate speculation in some overheated parts of the administrative...StanChart gross annual profit rises 46per cent, misses estimatesStandard Chartered on Thursday (Feb 27) posted a 45.5 % rise in annual profit, weathering the financial fallout from global trade tensions and political protests...Labour crunch and offer delays: Some construction companies in Singapore feeling any risk of strain of COVID-19Construction firms in Singapore are needs to feel any risk of strain from labour shortages and supply chain disruptions caused by the outbreak of COVID-19,...LG Releases New Large-Screen Budget SmartphoneLG on Wednesday launched its new large-screen budget smartphone. The Q51 is priced at W319,000 but comes with a number of high-end features (US$1=W1,214).The phone boasts...KOSPI Reels from CoronavirusStock markets all over the world were reeling Monday from coronavirus jitters and Korea was hit particularly hard. The Korea Composite Stock Price Index closed...Airline Industry Devastated by Travel BansPassenger airlines have already been devastated by an increasing number of entry bans for travelers from Korea as coronavirus infections spike here.By Tuesday, some 18...Global Companies Restrict Operations in KoreaGlobal companies with branch offices in Korea are restricting their businesses here or have even closed their offices temporarily.Intel, the world's top semiconductor company, in...Oil prices fall 2% on demand concerns as coronavirus spreads outside ChinaOil prices tumbled a lot more than 2 % on Monday (Feb 24) as investors concerned about a hit to demand from the coronavirus outbreak,...No global digital tax by end-2020 would mean digital tax chaos: FranceFailure to reach a worldwide deal on where and just how much to tax digital giants like Google, Amazon or Facebook would lead to many...Korea's Growth Could Plummet to Zero If Coronavirus Drags onKorea's economical growth rate could fall below to zero this season as a result of coronavirus epidemic, Morgan Stanley and Nomura Securities forecast.Eight finance institutions...Lebanon hit by double rating downgrades as likely debt restructuring loomsS&P Global and Moody's Investors Service downgraded Lebanon deeper into junk territory, as the united states facing its worst monetary crisis in three decades, is...IMF sees V-shaped virus effect on China with 'moderate' fallout for global economyThe outbreak of the coronavirus will probably force a sharp drop in the Chinese economy, which can make its recovery equally rapid and assist in...Coronavius Brings Quacks away of WoodworkOnline shopping sites are bristling with adverts for miracle treatments or coverage from coronavirus. Some perform have some rewards for the disease fighting capability, but...Virus hits China task market for record zero. of graduates The coronavirus outbreak is certainly denting the prospects of the year’s record 8.7 million-good Chinese university graduating course, with many learners stuck in the home...Samsung Accepts Pre-Orders for Most current Flagship SmartphonesSamsung started taking pre-orders for its latest Galaxy S20 series smartphones in Thursday.Pre-orders can be made via the country's major cell carriers -- SK Telecom,...TADA Operators Cleared of Illegal Cab Service ChargesTwo chiefs of ride-hailing iphone app TADA were cleared of running an unlawful taxi service on Wednesday by the Seoul Central District Court.Park Jae-wook, the...Octogenarian Hyundai Chairman to Step downOctogenarian Chung Mong-koo will step down from the chairmanship of Hyundai Motor, a post he has held since 1999, the automaker said Wednesday.The 82-year-old had...Why synthetics must be part of the sustainability movementCéleste Lilore, Director of Sector Engagement for Textile Exchange, a good non-profit organization focused on accelerating sustainability in the Textile Benefit Chain, made the circumstance...Embattled Hyflux gets another extension for debt moratorium until Apr 30The Singapore High Court on Thursday (Feb 20) granted embattled water treatment firm Hyflux another two-month extension because of its debt moratorium.The court-sanctioned moratorium, which...Huawei accuses US of overlooking HSBC misconduct to go after Chinese firmUS prosecutors overlooked obvious violations folks sanctions against Iran by HSBC Holdings in trade for the British bank's cooperation with a good federal government investigation...Burberry Disinvited Korean Superstars from London Fashion WeekBurberry canceled invitations to Asian celebrities for London Manner Week just five times prior to the event due to fears of coronavirus infection spread."Due to...Samsung Offers Trial Usage of New PhoneSamsung is offering smartphone delivery to probable customers for assessment amid the coronavirus outbreak.The handset maker already offered the similar service at seven offline stores...Samsung's New Foldable Phone Under Fire for FlimsinessSamsung's latest foldable smartphone, the Galaxy Z Flip, is once more causing controversy for questionable durability.Its predecessor, the Galaxy Fold released this past year, also...Production Halted Again at Hyundai's Ulsan PlantHyundai is halting production at among its factories again due to a shortage of parts supplied from China due to the coronavirus outbreak.Hyundai said Monday...Singapore Airlines to cut flights as COVID-19 outbreak hits demandSingapore Airlines (SIA) will temporarily cut flights across its global network in the three months to May, it said on Tuesday (Feb 18), as a...Convenience Stores Gain at Expense of SupermarketsConvenience stores, which have been treated as minor players in the retail market, are rapidly increasing their clout as sales soar.The latest figures show convenience...Japan suffers worst economical slump in five yearsJapan has suffered its worst quarterly gross domestic product (GDP) contraction in more than five years, with a tax hike and a deadly typhoon taking...Half a Million People of Prime Working Age Lose JobsHalf a million employees within their 40s and 50s were let go this past year, a historic high.Analysis of Statistics Korea data shows that 489,000...UK post-Brexit rules to 'turn off tap' of low-skilled foreign labourBritain will "switch off the tap" of foreign, low-skilled labour and require all skilled staff desperate to come to the country to get a job...Europe can win global battle for commercial data, EU industry chief saysEurope may have lost the battle to create digital champions with the capacity of taking on US and Chinese companies harvesting personal data, nonetheless it...How exactly to transition from being truly a solopreneur to managing a teamI started my business as a freelancer, working from my bedroom and stocking products in the guest room. Almost every entrepreneur I understand started on...Korean Businesses in China Reopen Amid Coronavirus DevastationKorean companies in China reopened early this week after closing down due to the new coronavirus outbreak which coincided with the Lunar New Year holiday.But...Elderly Embrace Online Shopping Amid Coronavirus ScareOlder Koreans have embraced online shopping as the coronavirus scare keeps persons at home.The elderly had embraced the web to some extent but preferred to...Korean Air Heiress Announces Palace Coup PlansHanjin heiress Cho Hyun-ah on Thursday officially announced plans to overthrow her brother Cho Won-tae as chairman of the conglomerate that owns Korean Air and...With China needing virus masks, phone and diaper makers fill voidA diaper manufacturer in eastern China was closed for the Chinese New Year holiday when it heard from officials - China needed vast amounts of...Singapore's DBS reports 14% rise in Q4 net income , just above estimatesDBS Group Holdings, Southeast Asia's biggest lender, reported a 14% per cent rise in fourth-quarter profit on Thursday (Feb 13), just above market estimates, and...A lot of 5G Phones going to Market This YearAbout 15 new 5G phones will hit the Korean market this season after Korea became the first country tin the world to roll out the...Hyundai Forms Partnership with U.S. Gov't for Future Car TechnologiesHyundai has formed a partnership with the U.S. government to develop hydrogen and fuel cell technologies.Hyundai said on Tuesday it signed a memorandum of understanding...Can Foldable Phones Rescue Samsung?Signs are emerging that Samsung is losing its grip on the global market. The Korean IT giant sold 68.8 million smartphones all over the world...JetBlue founder files to launch new airline by end of 2020Almost 20 years after the first JetBlue Airways flight, the New York-based company has filed a credit card applicatoin with the Department of Transportation to...Going digital: Singapore’s construction organizations embrace artificial intelligence and virtual realityThe built-environment industry has been going through a steady transformation in recent years in a bid to boost productivity, keep your charges down, improve safety...Coronavirus Blights Jobseekers' ProspectsJob seekers are being hit hard by the coronavirus scare, which erupted just as the hiring season got underway. Many businesses are canceling any large...Self-managed super funds are a massive tax-saving plan for the well-to-doSelf-managed superannuation funds are being used as a tax strategy by wealthier Australians rather than as a retirement savings mechanism, according to financial specialists.SMSF members...Super funds invest in affordable housing deals aimed at vital service workersWith Australia’s population growing at record rates, housing affordability a rising problem in most major cities, and public housing builds at a low point, housing...FairPrice imposes purchase limits for paper products, rice and instant noodles amid coronavirus outbreakShoppers at all NTUC FairPrice outlets will only be allowed to buy four packs of paper products, two bags of rice and four bundle packs...White House dismisses idea of US buying Nokia, Ericsson to challenge HuaweiU.S. Vice President Mike Pence on Friday and the top White House economic adviser dismissed an unusual suggestion from U.S. Attorney General William Barr that...Lockheed Martin pulls out of Singapore Airshow over coronavirus concernsUS weapons maker Lockheed Martin said on Friday (Feb 7) it will not participate in next week's Singapore Airshow over coronavirus concerns."Following the Singapore Ministry...US slaps sanctions on Venezuela state airlineThe United States on Friday (Feb 7) criminalized transactions with Venezuelan flag carrier Conviasa, saying it wanted to pressure President Nicolas Maduro to cede power.Under...Dubai’s CBD reports 20.5% profit increase on higher revenueCommercial Bank of Dubai reported a 20.5 per cent increase in its full-year net profit due to higher revenue.The net profit for the period ending...Many FamilyMart stores less profitable during trial to shorten business hoursConvenience store chain FamilyMart Co. said Tuesday that operating profits fell at 59% of some 600 outlets that halted late-night operations in a trial to...